BetCascade Scam continues over one year later
BetCascade (SBR rating F) Scam continues over one year later
The most recent scam report comes from a player who deposited in April and says he was promised a payout of over $4,000. Like other players who have been waiting since April of 2007, he was told his payout "would arrive soon." Cascade's excuse for taking deposits while unable to pay owed players from the previous year was "new investors" were responsible for new marketing and deposits and the old Cascade would save money from bookmaking services to pay on delinquent account balances. Cascade has paid just over $22,000 to SBR readers since it initially stopped processnig payout requests. The total the book has since taken in deposits is unknown.
The most recent scam report comes from a player who deposited in April and says he was promised a payout of over $4,000. Like other players who have been waiting since April of 2007, he was told his payout "would arrive soon." Cascade's excuse for taking deposits while unable to pay owed players from the previous year was "new investors" were responsible for new marketing and deposits and the old Cascade would save money from bookmaking services to pay on delinquent account balances. Cascade has paid just over $22,000 to SBR readers since it initially stopped processnig payout requests. The total the book has since taken in deposits is unknown.
